The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has pledged 17,83,340 equity shares (0.68% of total share capital) of Wardwizard Innovations & Mobility Ltd to Bikewin Trading Private Limited across two tranches on April 7 and April 8, 2025. The pledge was created due to a shortfall in the margin call against loans availed from lenders. A footnote further mentions an additional 60,45,000 shares were pledged to meet the margin shortfall. After this transaction, the total promoter and PAC group holding remains at 8,20,35,615 shares (31.47% of share capital), with the pledged shares now classified as encumbered. The company's total equity share capital stands at 26,06,93,900 shares of Re. 1 each.
Negative signal for shareholders — pledge creation triggered by a margin call shortfall indicates financial stress on the promoter. With promoter holding already below 50% (31.47%), further encumbrance increases the risk of forced sale if margin issues escalate.